| Member Options |
|---|
| Property Search | |||||||||
|---|---|---|---|---|---|---|---|---|---|
|
| Real Estate News |
|---|
 |
Azizi Investments confirmed purchase of land at Mina Rashid Arabtech Construction to construct Dubailand Project Radisson SAS Residence, Dubai Marina opens luxury apartments |
Jumeirah Golf Estates raises record for Fire and Earth
- October 28, 2006, 11:41 pm
Land sales for the first phase of development at Jumeirah Golf Estates, Greg Norman’s signature Fire and Earth golf course communities have now been completed with revenue in excess of Dhs 1 billion.
The company has sold ten land parcels, ‘districts’, for development of single-family residences, to local and international developers, for prices of between Dhs 189 and Dhs 240 per square foot.
Each developer will create a community of individually-designed homes within their district that blend the best of modern living with natural external environments. Beautifully landscaped, the estates will feature abundant parkland, nature strips, lakes and ponds and more than 75 per cent of the homes facing the golf courses and the remainder having lake or park views.
Throughout the districts, a sense of space has been given paramount importance and around 1,000 homes will line two of the world’s most scenic Eco-Signature golf courses within the 375 hectares of this phase.
David Spencer, chief executive officer of Jumeirah Golf Estates, said: ‘The two words that define these communities are space and individuality. Every home will sit in a beautiful, natural space of its own - and each will stand out on its own. It was critical to find the right partners. We carefully selected developers to ensure each shared, and would help meet, our vision of creating one of the world’s most prestigious golfing communities. In the end, we were able to secure the right partners at the right price - a double whammy. The courses that are being developed by Greg Norman are stunning. Our development partners will ensure the homes that surround them complement this beautiful development.’
The first homes are to go on sale on 8th November. Lime Tree Valley, developed by CHI Development Group, will release their first phase 42 forty-two luxury homes which line Greg Norman’s Earth course. Jumeirah Golf Estates homeowners will be able to start moving in during 2008.
The first phase of Jumeirah Golf Estates includes 14 districts; Jumeirah Golf Estates has retained the remaining four districts for development itself, the resultant homes will be available for sale late this year.
Later phases of development will include the Water course, designed by Vijay Singh, and Wind, which will also be designed by a world-renowned designer - to be announced soon.
The courses will be focused around the Norman Clubhouse, which will combine the best in golfing facilities, including an ultra-modern practice facility and golfing academy, with pools, tennis courts, restaurants - and a wellness centre offering a variety of massage and spa treatments.
Related News
Jumeirah Golf Estates won International Property Award
JUMEIRAH GOLF ESTATES launched luxury Fire villas
Deyaar plans to develop mega residential project in IMPZ
CHI breaks ground at Jumeirah Golf Estates
Jumeirah Golf Estates to provide GPS for golf facilities
Latest News
Dubai Property Prices to fall by 2011
Tamweel announced that it expects higher growth in 2008
Realty Capital cooperates with Al Naboodah to boost i-Rise
Nakheel partners with US food retailer Balducci’s
| Currency Converter | |||||
|---|---|---|---|---|---|
|